Sunday, November 21, 2010

Volkswagen to invest $57.4 billion in quest to be largest and most profitable automaker by 2018.

watch out Toyota;Volkswagen is determined to become the world number automaker  in terms of sales and profits, and wants to remain ‘future proof’ for the years to come. 
The company will invest €41.3 billion ($57.1 billion) into assembly plants, equipment and property alone in the next five years, contributing to the total investment figure of €51.6 billion.t’s all about remaining on track with its Strategy 2018 demands. The strategy is to become the world’s leading automotive group by 2018. Even though just about every other large automotive group is striving for the same success, Volkswagen says it will do this through the introduction of new models and successor models as well as continuing the development of hybrid and electric motors.
Meanwhile, Volkswagen CEO Martin Winterkorn said in a statement after the automaker’s board approved investment plans for 2011 to 2015
Investment plans were finalised after the Supervisory Board of Volkswagen Aktiengesellschaft approved them just last Friday.

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